“I have one buy and one sell recommendation. The buy is Ashok Leyland from the auto sector. The stock has registered a strong positive move over the last two trading sessions and is forming what appears to be an inverted head-and-shoulders pattern on the charts. The target is Rs 167.5, with a stop loss at Rs 157,” said Bothra, adding, “the sell recommendation is Angel One. Although this is a short-term trade, the stock formed a bearish candlestick pattern on Thursday’s close. A follow-through decline is expected, with a near-term target of Rs 326 and a stop loss at Rs 342.”
